Tuesday, May 4, 2010

Converted Organics Inc. (Nasdaq:COIN) $44M (Market Cap)

Whole Foods deal goes from 18 to 84 stores

Converted Organics (Nasdaq:COIN)announced today that the number of Whole Foods Market(R) (Nasdaq:WFMI) stores offering its line of all-natural, organic fertilizers has increased from 18 stores in 2009 to 84 stores in 2010, with the Company's all-natural fertilizer products now available in two new Whole Foods Market areas, the North Atlantic and Mid-Atlantic regions.

"We're very excited about this development," said David A. Flannery, Vice President of Marketing for Converted Organics. "Whole Foods is excited about expanding with Converted Organics' products because they're effective, and because they like our concept of converting food waste into valuable resources, namely an all-natural fertilizer, while also helping to reduce greenhouse gas emissions by diverting food waste from going to landfills," he added.

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